H&R Mode: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
H&R Mode
Largest movements
- Cash +€47,893
up €47,893 (+68.3%), from €70,086 to €117,979
mainly Stocks and contracts (+€24,118) and Net result for the year (+€19,285)
- Stocks and contracts -€24,118
down €24,118 (-22.6%), from €106,732 to €82,615
- Receivables within one year +€9,184
up €9,184 (+30.2%), from €30,429 to €39,613
of which Trade receivables: +€9,184
- Tangible fixed assets -€4,351
down €4,351 (-24.6%), from €17,661 to €13,310
- Reserves +€75,041
up €75,041 (+1,483%), from €5,060 to €80,101
- Profit (loss) carried forward -€55,756
no longer reported in 2025 (was €55,756)
- Tax, wage and social debts +€9,336
up €9,336 (+14.2%), from €65,716 to €75,052
of which Taxes: +€13,361
- Gross operating margin +€28,322
up €28,322 (+28.7%), from €98,579 to €126,901
- Staff costs -€6,366
down €6,366 (-6.6%), from €97,099 to €90,733
- Taxes +€5,700
up €5,700 (+155%), from €3,668 to €9,368
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,358 | €253,517 | +€28,159 | +12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €17,661 | €13,310 | -€4,351 | -24.6% |
| Tangible fixed assets | 22/27 | €17,661 | €13,310 | -€4,351 | -24.6% |
| Plant, machinery and equipment | 23 | €17,661 | €13,310 | -€4,351 | -24.6% |
| Current assets | 29/58 | €207,697 | €240,206 | +€32,509 | +15.7% |
| Stocks and contracts in progress | 3 | €106,732 | €82,615 | -€24,118 | -22.6% |
| Stocks | 30/36 | €106,732 | €82,615 | -€24,118 | -22.6% |
| Amounts receivable within one year | 40/41 | €30,429 | €39,613 | +€9,184 | +30.2% |
| Trade receivables | 40 | €19,179 | €28,363 | +€9,184 | +47.9% |
| Other amounts receivable | 41 | €11,250 | €11,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,086 | €117,979 | +€47,893 | +68.3% |
| Deferred charges and accrued income | 490/1 | €450 | - | -€450 | |
| Total equity and liabilities | 10/49 | €225,358 | €253,517 | +€28,159 | +12.5% |
| Equity | 10/15 | €79,416 | €98,701 | +€19,285 | +24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,060 | €80,101 | +€75,041 | +1,483% |
| Distributable reserves | 133 | €5,060 | €80,101 | +€75,041 | +1,483% |
| Profit (loss) carried forward | 14 | €55,756 | - | -€55,756 | |
| Amounts payable | 17/49 | €145,942 | €154,815 | +€8,873 | +6.1% |
| Amounts payable within one year | 42/48 | €145,942 | €154,815 | +€8,873 | +6.1% |
| Trade debts | 44 | €75,543 | €75,131 | -€412 | -0.5% |
| Suppliers | 440/4 | €75,543 | €75,131 | -€412 | -0.5% |
| Taxes, remuneration and social security | 45 | €65,716 | €75,052 | +€9,336 | +14.2% |
| Taxes | 450/3 | €40,350 | €53,711 | +€13,361 | +33.1% |
| Remuneration and social security | 454/9 | €25,366 | €21,341 | -€4,025 | -15.9% |
| Other amounts payable | 47/48 | €4,683 | €4,633 | -€50 | -1.1% |
| Remuneration, social security and pensions | 62 | €97,099 | €90,733 | -€6,366 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,587 | €5,442 | +€855 | +18.6% |
| Other operating charges | 640/8 | €949 | €1,205 | +€256 | +27.0% |
| Gross operating margin | 9900 | €98,579 | €126,901 | +€28,322 | +28.7% |
| Operating profit (loss) | 9901 | -€4,057 | €29,521 | +€33,578 | |
| Financial income | 75/76B | €107 | - | -€107 | |
| Recurring financial income | 75 | €107 | - | -€107 | |
| Financial charges | 65/66B | €812 | €868 | +€57 | +7.0% |
| Recurring financial charges | 65 | €812 | €868 | +€57 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,762 | €28,653 | +€33,415 | |
| Income taxes | 67/77 | €3,668 | €9,368 | +€5,700 | +155% |
| Profit (loss) for the period | 9904 | -€8,429 | €19,285 | +€27,715 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,429 | €19,285 | +€27,715 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.